ShreeMetalPrices: United states Federal Reserve Policy Meeting sets for Mar 21 & 22
A number of significant economic events scheduled for the week, as well as a banking Industries turmoil in the United States. It is anticipated that both the domestic market and its international equivalents will remain volatile. Given the ongoing financial crisis & recent economic statistics. The 2-day United states FOMC monetary policy meeting. Which is
ShreeMetalPrices: China keeps its benchmarks loan prime rate (LPR) at historic lows
China’s central bank kept its benchmark loan prime rate (LPR) to record lows, maintaining monetary conditions generally supportive as the country seeks to bolster a shaky economic rebound and stop currency depreciation. The five-year Loan prime Rate (LPR). Which is use to calculating mortgage rates, remained at 4.30%. While the People ‘s Bank of China
ShreeMetalPrices: Coal Ministry successfully auctioned additional coal blocks for commercial mining
The 29 coal blocks successfully auctioned out for commercial mining by the govt are estimate to increase average dry fuel production by 7percent over the next 2 years. Since the combined PRC of these deposits is roughly 91 million tonnes. According to reports. The 91 million tonne (PRC) of the 29 coal blocks that have
Shreemetalprices: Gold Prices Today hits record High as banking industry concerns & Fed meeting this week
Gold prices hits all time highest levels on Monday, because when markets assessed the effect of the Fed and other major central banks’ emergency liquidity measures amid growing fears of a banking collapse. In order to stop any possible contagion from the failure of multiple lenders during the previous 2 weeks. The European Central Bank
ShreeMetalPrices: Nexa Resources has halted operations at its Cerro Lindo zinc mine due to Cyclone Yaku
Major zinc miner Nexa Resources revealed yesterday that the production at Cerro Lindo mines in Peru has been interrupted. Due to unusually high rainfall conditions and overflowing rivers induced by Cyclone Yaku. That’s been hitting the region alongside other regions of the country. According to a news release from Nexa. Parts of the mine’s lower
ShreeMetalPrices: United States President Joe Biden invites PM Modi for a state dinner in June, 2023
United states President Joseph Biden intends to host PM Narendra Modi for a state dinner in the middle of 2023. As the administration promotes initiatives and plans for an open & free Indo-Pacific to offset what it perceives as a growing threat presented by China, the formal state visit is a demonstration of the developing
ShreeMetalPrices: US Fed’s may Administer $2 trn in banking sector to relieve the credit crunch
After Silicon Valley (SVB) collapse, JPMorgan Chase & Co stated in a statement that the Fed emergency loans support. Bank Term Financing Program, can inject up to 2 trillion dollar into the United States(US) financial system to assist failing banks & ease the liquidity crunch. The bank indicated in a note that the facility’s maximum
ShreeMetalPrices: Banks borrow an immense $164.8 billion by the Fed following the SVB bankruptcy
Banks drew a total of 164.8 billion dollar from 2 Fed Reserve backup facility in the most current week. Indicating increased financing difficulties in the repercussion of Silicon Valley Bank’s fall. – Banking crisis According to data released by the Fed, banks borrowed a record-breaking 152.85 billion dollar from the discount window. Which serves as
ShreeMetalPrices: Gold sees strong gains amid banking turmoil sprints as a safe haven
Early on Friday in Asian trading. Gold price remained unchanged and on track to enjoy their best weekin two months as demand for safe haven assets increased because of worries about a potential banking crisis. Gold price also benefited from skepticism regarding the Federal Reserve’s ability to continue raising interest rates in light of the
ShreeMetalPrices: Pakistan’s central bank’s foreign exchange reserves have increased by $18 million.
The State Bank of Pakistan reported a rise of 18 million dollar in its foreign exchange reserves (FER).The State Bank of Pakistan said on Thursday that its overall foreign exchange reserves increased to almost 4.3 billion dollar during the week ended Mar 10.According to the State Bank of Pakistan, commercial banks have net foreign reserves at 5.5 billion dollar. The